We expect U.S.-based Dr Pepper Snapple Group Inc. (DPS) to continue to generate strong cash flow in the next one to two years despite lingering weak macroeconomic conditions in the U.S. We are affirming our ratings on DPS, including the 'BBB' long-term corporate credit rating. We are revising our outlook on DPS to positive from stable, reflecting our opinion that DPS will be able to sustain its current credit measures, including leverage below 2.5x and funds from operations to total debt near 30%, which could lead us to upgrade the company. On Oct. 26, 2012, Standard&Poor's Ratings Services affirmed its ratings on Plano, Texas-based Dr Pepper Snapple Group Inc. (DPS), including the 'BBB' long-term corporate credit and 'A-2'
